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Fly News Breaks for August 10, 2015
RCAP
Aug 10, 2015 | 10:17 EDT
Citi analyst William Katz earlier today downgraded RCS Capital to Neutral from Buy, removed the name from the firm's U.S. Focus List and cut his price target for shares to $4 from $18. Liquidity, debt covenant coverage and the possibility of an equity raise are issues for the stock, Katz told investors in a research note. RCS id down 80c to $3.20 in early trading.
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